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The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.

Henry Paulson

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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Make
Priorities
Available
Financial
Continue
System
Sure
Firsts
Priority
First
Capital

More quotes by Henry Paulson

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For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
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I've always said, 'I don't want to be irrelevant.'
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My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
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A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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There is no way to stabilize the markets other than through government intervention.
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The worst is likely to be behind us.
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An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
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China needs a currency that reflects underlying economic fundamentals.
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I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
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Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
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One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
Henry Paulson